Silver Dollar Values Prices Skyrocket, Silver & Gold Prices Escalating With Low Trade Volume

Feb. 12, 2013 - PRLog -- Gold price continued to be virtually unchanged as it inched down on a weekly scale. The price associated with silver declined. Their modest drop partly coincided with the depreciation of the Euro and Aussie dollar against the United States dollar. ECB President Mario Draghi’s remarks regarding the power of the Euro currency and the anticipated drop in the inflation throughout 2013 contributed to the sharp devaluation of the Euro. How high will silver go? Learn more >>  http://www.silverpricestoday.cc/KITCO-SILVER/

This news, however, appear to have slightly influenced bullion investors as gold and silver only reasonably declined. Will gold and silver still trade slowly up next 7 days? Here is a short outlook for Feb 11th to February Fifteenth; this includes a fundamental analysis of the primary report and decisions which may influence metals traders such as: ECONFIN Meetings, BOJ monetary policy conference, U.S consumer emotion, U.S retail product sales, Euro Area GDP with regard to Q4, U.S federal spending budget balance, and U.S. jobless claims.

Gold slipped throughout last week by 0.22%; on the other hand, during said week, the actual average rate reached $1,672.68 an ounce, which is 0.47% above last week’s average. Gold finished the week at $1,666 an oz.

Silver price decreased during the previous 7 days by 1.62%; conversely, the average price increased by 0.6% to achieve $31.66/t oz compared to last week’s average.

The Euro changed course and tumbled lower against the U.S dollar through 2.02% (on a weekly scale); the actual Canadian dollar also depreciated from the USD by 0.55%; the actual Australian dollar depreciated against the U.S dollar by 0.85%. The actual correlations between leading forex pairs and precious metals have moderately destabilized in recent weeks: during January-February the actual correlation between USD/CAD and gold had been -0.25 and between Aussie dollar /USD and gold the correlation arrived at 0.35. These connections suggest the recent developments in the actual forex markets may have had a moderate effect on the shifts in precious metals. These types of correlations might strengthen in the times to come. Thus, if the Euro and other “risk” currencies will change course and appreciate during the next 7 days, this might pressure up gold as well as silver. Tracfone free shipping http://tracfone.us

There are some primary reports as well as events that may affect gold as well as silver between February 11th and February 15th. These include the actual above-mentioned news items such as: ECONFIN Meetings, BOJ monetary policy meeting, U.S consumer sentiment, U.S retail sales, U.S federal budget stability, and U.S. unemployed claims.

In conclusion, my perception is that precious metals will change course as well as slowly increase during the week. The reduced volatility in the bullion marketplace coincided with the low trade quantity in the CME of silver and gold. When the low volume of trade continues, this could keep gold and silver in a low volatility mode. When the ECB President or the EU lawmakers in the EU Summit can come up with big headlines concerning the progress of the EU economy this might influence Euro traders as well as indirectly affect precious metals.

The approaching reports regarding the U.S economy including: consumer confidence, retail sales and unemployed claims, could affect the United states dollar and bullion prices: if these types of reports will show contraction in the actual U.S economy, these people may positively affect gold and silver. The actual U.S money foundation has increased in recent weeks, that could lead to a rise in the price associated with gold via its growing need as a safe haven investment. In India, when the Rupee will continue to weaken from the USD, as it did in the prior week; it may adversely modify the demand for gold in India. Finally, when the Euro, Aussie dollar, Canadian dollar along with other risk currencies will change course as well as appreciate against the USD, they might also positively affect precious metals. How high will silver go? Learn more >>  http://silverpricestoday.cc/KITCO-SILVER/